Nepra increases power tariff by Rs4.12 a unit for January

• NEPRA has approved increase in cost of power for Karachi.
• Govt is mulling to cut electricity tariff for industries.
• Govt is also working on reducing the circular debt.

ISLAMABAD: The electricity consumers would have to bear the additional burden of Rs4.12 a unit in their January 2024 bills as the National Electric Power Regulatory Authority (NEPRA) has jacked up the power price because of monthly fuel adjustment.

Nepra’s notification states that the increase will not be applicable to lifeline and K Electric customers. It should be noted that on Wednesday Nepra approved an increase in the cost of electricity for Karachi by Rs2.87 per unit, The News reported on Friday.

Caretaker Federal Minister for Energy Power and Petroleum Muhammad Ali had on January 2 said the government was mulling to take a major step and cut electricity tariff for industries.

Speaking to Geo News, Ali had said the caretaker government was going to accomplish a couple of big tasks as they had five to six weeks left before the elected government could take charge.

“We are trying to cut electricity tariff for industries because the industrial sector is subsidising households at the moment. There will not be jobs and exports unless the industry runs and the country cannot function if we don't have dollars,” he had stated.

The energy minister had said the government was also working on reducing the circular debt, adding that efforts were also being made to bring down the urea prices, which were too high.

“The caretaker government would give a roadmap for the reduction in capacity payments and urea prices,” he had said.